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What is called point of satiety?
  • a)
    The point where marginal utility becomes greater than zero
  • b)
    The point where marginal utility becomes zero.
  • c)
    The point where marginal utility becomes less than zero
  • d)
    None of above
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
What is called point of satiety?a)The point where marginal utility bec...
Point of Satiety is defined as '' the point where marginal utility of any commodity is zero''. Thus it is a point where satisfaction of any commodity is zero.
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What is called point of satiety?a)The point where marginal utility becomes greater than zerob)The point where marginal utility becomes zero.c)The point where marginal utility becomes less than zerod)None of aboveCorrect answer is option 'B'. Can you explain this answer?
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